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Market
Transaction fees of Visa and Mastercard in China by Dec 31?
5
Resolution / Starting Odds
1.5% or lower • 34%
1.6% to 2.0% • 33%
Above 2.0% • 33%
Official announcements from Visa, Mastercard, or credible financial news sources
Story
China Urges Visa, Mastercard to Lower Transaction Fees from 2-3% to 1.5%
Jun 21, 2024, 08:19 AM
China is urging Visa Inc. and Mastercard Inc. to lower their bank card transaction fees in the country. According to sources, Bloomberg News reported on June 21 that the Payment & Clearing Association of China (PCAC) issued a proposal on June 18 to reduce the fees from the current 2-3% to 1.5%. This move aims to facilitate payments for foreign visitors and enhance their payment experience. The PCAC is negotiating with the global card issuers to implement the fee reduction. The bulk of transaction fees typically go to other parties such as bank issuers and merchant acquirers.
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Similar markets
Visa market share decreases • 25%
Mastercard market share decreases • 25%
Both market shares decrease • 25%
Neither market share decreases • 25%
Alipay > 50%, WeChat Pay < 30% • 25%
Alipay < 50%, WeChat Pay > 30% • 25%
Both Alipay and WeChat Pay around 40% • 25%
Other • 25%
Appeal the decision • 33%
Propose new agreement • 33%
No legal action • 34%
0-10% • 25%
11-20% • 25%
21-30% • 25%
More than 30% • 25%
Less than 50% • 25%
50% to 60% • 25%
60% to 70% • 25%
More than 70% • 25%
Stock prices increase • 33%
Stock prices decrease • 33%
Stock prices remain stable • 34%
Legislation Passed • 25%
Legislation Failed • 25%
Legislation Pending • 25%
No Legislation Proposed • 25%
Investigation results in fines • 25%
Investigation results in breakup • 25%
No action taken • 25%
Investigation ongoing • 25%